DDT is an asset identification company. It manufactures microdots using patented processes and technology that can identify assets to improve asset security, and prove asset authenticity and ownership.
In partnership with the CSIRO, DDT has also developed a unique technology for bulk materials, authentication of products and prevention of counterfeiting.
The immediate opportunity is in the automotive industry where introduction of the product has shown a substantial reduction in the incidence of stolen vehicles. This has led the government to grant $1.5m for the development of DDT’s robotic applicator.
The National Motor Vehicle Theft Reduction Council (“NMVTRC”) has also contributed $0.5m towards this project, such is the confidence in the technology.
DDT has the support of the police, insurance companies and the wider community. What it needs now is for a major manufacturer to adopt the technology on an assembly line.
This would substantially lift the annual unit volumes sold and would entice other manufacturers to do likewise.
New Zealand has agreed in principle to make whole of vehicle marking (“WOVM”) mandatory as from 1 January 2007.
Other countries around the world are also considering such a move, providing an obvious growth path for the company.
Yamaha Motor Australia recently announced it would apply DataDotDNA to its entire range of imported products commencing from 1 October 2006.
Nissan SA subsequently announced it would apply DataDotDNA to all new and imported vehicles sold in South Africa and surrounding countries, commencing immediately.
DDT recently reported a $1.43m loss for the year ended 30 June 2006, following a $5.3m loss in FY05.
A capital raising of $7.665m in July has substantially improved the balance sheet which now has cash of $7.9m, total assets of $15.3m and shareholders funds of $7.9m.
This has put the company in good shape to progress its strategy and maintain sufficient working capital for existing operations.
DataDotDNA
DDT uses laser etching to print a vehicle’s identification number (“VIN”) onto 1mm microdots.
Up to 10,000 dots per vehicle can then be sprayed on the underbody of the vehicle to identify all major components of the vehicle.
The dots are detectable and readable using simple, low cost readers for identifying vehicles and parts. In this way, thieves cannot find and remove all the dots, thus providing a significant deterrent to stealing such a marked vehicle and diverting their interest to unmarked vehicles instead.
Those that are stolen can be easily identified creating a further disincentive.
The NMVTRC recently said that in the 12 months to 31 March 2006, 76,589 vehicle thefts were reported in Australia.
Although this was down 7% on the pcp and the 6th consecutive year of declines, much more can be done to reduce the problem further.
The substantial reduction in the incidence of stolen vehicles that are marked with DataDotDNA - up to 92% in some models – has the government and the wider community very interested in the technology.
The robotic applicator that DDT has developed is ready to be deployed in a manufacturer’s assembly line. Such a deal would provide a quantum step forward for the business both in terms of volume and credibility.
DataTraceDNA
The joint venture with the CSIRO, called DatatraceDNA, is a similar concept of asset identification and authentication.
Its application, however, is potentially much wider than DataDotDNA including paper, inks, paints, explosives, plastics, fabrics, certain metals, adhesives, cement and some timbers.
The system employs unique luminescent marker materials that are integrated into the composition of a wide variety of products.
Once incorporated, DatatraceDNA works like an invisible chemical barcode that remains in the product for at least 25 years and cannot be destroyed.
When the marker is illuminated, a unique emission spectrum can be detected by a hand-held reader, enabling the product to be verified in the field.
The global market for counterfeit, knockoff and unauthorised additional production is massive and growing.
For example, a study by LEK Consulting concluded that US movie studios were losing about US$6.1bn annually in global wholesale revenue to piracy.
The US Chamber of Commerce this year said the counterfeiting industry will grow from US$500bn to US$2,000bn in the next 20 years.
If DatatraceDNA can develop its sophisticated products to a commercial level, the potential for this part of DDT’s business is large.
No posts for a while just wondering peoples opinion on fridays movement and news? pretty interesting stuff
Unashamably bought with the herd so I am wondering how real this technology is![]()
Your a herd trader....nicetakes all sorts i suppose.
DDT has been around since 2004 with proven technology and an industry leader, actually
turned a profit last year...like u care. :holysheep:
Your a herd trader....nicetakes all sorts i suppose.
DDT has been around since 2004 with proven technology and an industry leader, actually
turned a profit last year...like u care. :holysheep:
Bit harsh on Donga there buddy!
Isn't "market value" determined by the herd?
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